Vietnam govt approves plan to cut power output from coal-fired plants
The Vietnamese government has approved a plan that needs $134.7 billion to reduce coal-fired electricity generation and improve the country’s power grid by 2030.
The plan is aimed at ensuring Vietnam’s energy security as the country is set to maintain an annual gross domestic product (GDP) growth rate of 7 per cent until 2030 while shifting toward carbon neutrality by 2050, reports Xinhua news agency citing local media.
Under the plan, coal-fired power output would drop to 20 per cent of power supply by 2030 from almost half now while the share of renewable energy in the country’s power mix would be raised to between 67.5 and 71.5 per cent.
